Rupee slips 5 paise to 71.02 against US dollar

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New Delhi: The rupee opened on a weak note and fell 5 paise to 71.02 against the US dollar in early trade on Thursday.

At the Interbank Foreign Exchange, the rupee opened weak at 71.01 then fell to 71.02 against the US dollar, showing a decline of 5 paise over its previous closing.

Sustained foreign fund inflows and weakening of the US dollar vis-a-vis other currencies overseas supported the rupee, while muted opening in domestic equities weighed on the local unit.

 The Indian rupee on Wednesday had closed at 70.97 against the US dollar.

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